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Dec
11
2020
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Posted 86 days ago ago by Administrator Account
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Daily Market Summary for December 11th
The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!
Slaughter Cattle:
As of 3:00 PM Friday, negotiated cash trading has been mostly inactive on very light demand in all feeding regions. Not enough purchases for a market trend. In the Southern Plains the last reported market was on Tuesday with live purchases at 108.00. In the Western Cornbelt Wednesday was the last reported market with live purchases from 104.00-105.00 and dressed purchases at 168.00. Last week in Nebraska live purchases traded at 110.00 and dressed purchases traded from 172.00-174.00.
Negotiated Sales:
Confirmed: 1,290
Week Ago: 2,257
Year Ago: 19,588
Formula Net
Dressed Steers & Heifers:
Head count priced today: 12,900
Weighted avg. weight: 875 lbs.
Weighted avg. net price: 176.96
Cattle Slaughter under Federal Inspection:
Friday (est) 118,000
Week ago (est) 117,000
Year ago (act) 123,000
Week to Date 592,000
Same Period Last Week 598,000
Same Periond Last Year 614,000
Previous Day (est)
Steers & Heifers: 94,000
Cows & Bulls: 26,000
Boxed Beef:
Cutout Values:
Choice: 213.88… -0.71
Select: 195.71… -2.76
Choice/Select Spread: 18.17
Total Load Count: 131
Cutter Cow Cutout:
167.26… -1.53
CME Feeder Cattle Index for December 9th:
137.11… -0.09
Futures Settlements…
Live Cattle:
December: 108.75… +0.83
February: 113.25… +1.40
April: 117.37… +1.40
Feeder Cattle:
January: 139.72… +2.12
March: 140.55… +1.30
April: 141.90… +1.18